NOT LISTED FOR SALE

38946 S Silver Sands North Bethany, DE 19930

Estimated Value: $1,694,780 - $2,800,000

5 Beds
4.5 Baths
2,920 Sq Ft
$708/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $1,265,000 $433 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $11,613/month

9 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Home fronts navigable water
  • Fitness Center
  • Lord Baltimore Elementary School Rated A-
  • Access to Tidal Water
  • Bay View

About This Home

As of August 2020

Impressive waterfront coastal home just 1.5 miles to downtown Bethany Beach. This 5 bedroom home features an expansive waterfront deck that connects the living room with the kitchen and dining room, creating an ideal layout for entertaining and capturing exceptional views of the wetlands and water from the main living areas. The heart of the home is the gorgeous kitchen and dining room combination with a large center island, granite countertops, crisp white cabinetry, and stainless steel appliances. This home is better than new with a professionally decorated interior and offered with beautiful furnishings and stunning wood flooring throughout. Plenty of storage space for bikes, kayaks and jet skis with an oversized 3 car garage. Situated in the premier gated North Bethany community of Watermark just steps from the infinity pool, fitness room, and kayak launch, this is the perfect location for all your future vacations!

Last Agent to Sell the Property

Leslie Kopp

(302) 539-9040 leslie@lesliekopp.com Long & Foster Real Estate, Inc. License #RA-0003421 Listed on: 07/10/2020

Long & Foster Real Estate, Inc.

Co-Listed By

WAYNE LYONS

(302) 539-9040 wayne.lyons@lesliekopp.com Long & Foster Real Estate, Inc. License #RS-0013341

Last Buyer's Agent

Dustin Oldfather

(302) 273-4998 ashley.hess@compass.com Compass License #RS-0017091

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,056

Year Built

  • Built in 2015

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75.00 x 100.00
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • No Through Street

HOA Fees

  • $301 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 5 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,920 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Tray Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Bay Views
  • Security Gate

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Lake Privileges
  • Multiple Balconies
  • Deck
  • Outdoor Storage
  • Porch

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Propane Water Heater

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 134-09.00-1191.00

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, management, pool(s), road maintenance, security gate, snow removal
  • Watermark At North Bethany Subdivision
  • Property Manager

Recreation

  • Fitness Center
  • Community Infinity Pool
  • Fenced Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,056

Year Built

Built in 2015

Lot Details

7,500 Sq Ft Lot

HOA Fees

$301 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Sussex De Quadrants: Between Rt 1 & 113
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2015
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Island, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops, Window Treatments, Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Tray Ceilings
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2920
  • Living Area Sq Ft: 2920
  • Price Per Sq Ft: 433.22
  • Above Grade Finished Sq Ft: 2920
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built
  • Exterior Features: Secure Storage
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access, Oversized, Additional Storage Area
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Propane
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3616.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Exercise Room, Gated Community, Pool - Outdoor, Swimming Pool, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Road Maintenance, Security Gate, Snow Removal
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, Negative Edge/Infinity

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 42200.00
  • Land Assessed Value: 12450.00
  • Lot Features: No Thru Street
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Porch(es)
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Vacation Rental: No
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 7377996
  • School Tax: 1812.00
  • Tax Annual Amount: 2056.00
  • Assessor Parcel Number: 134-09.00-1191.00
  • Tax Lot: 14
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: INDIAN RIVER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 27, 2020
Sold by
Badders Erik A and Badders Jacqueline G
Bought by
Smith Gary L and Smith Jacquelyn M
Seller's Agent
Leslie Kopp
Long & Foster Real Estate, Inc.
Buyer's Agent
Dustin Oldfather
Compass
List Price
$1,265,000
Sold Price
$1,265,000
Current Estimated Value
$2,068,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803,695
Avg. Annual Appreciation
9.20%
Original Mortgage
$1,000,000
Outstanding Balance
$887,434
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,181,261

Purchase Details

Listed on
Jan 7, 2015
Closed on
Feb 20, 2015
Sold by
Watermark At North Bethany
Bought by
Badders Erik A and Badders Jacqueleine G
Seller's Agent
DEBBIE REED
RE/MAX Realty Group Rehoboth
Buyer's Agent
Denise Karas
Compass
List Price
$614,900
Sold Price
$858,583
Premium/Discount to List
$243,683
39.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Gary L $1,265,000 None Available
Badders Erik A $858,583 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Gary L $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2020 08/27/20 Sold $1,265,000 0.0% $433 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,265,000 +47.3% $433 / Sq Ft
02/20/2015 02/20/15 Sold $858,583 +39.6% $306 / Sq Ft View Prior Sale
01/07/2015 01/07/15 Pending -- -- --
01/07/2015 01/07/15 For Sale $614,900 -- $219 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,097 $54,650 $12,450 $42,200
2024 $2,260 $54,650 $12,450 $42,200
2023 $2,257 $54,650 $12,450 $42,200
2022 $2,221 $54,650 $12,450 $42,200
2021 $2,154 $54,650 $12,450 $42,200
2020 $2,056 $54,650 $12,450 $42,200
2019 $2,046 $54,650 $12,450 $42,200
2018 $2,066 $54,650 $0 $0
2017 $2,083 $54,650 $0 $0
2016 $1,836 $54,650 $0 $0
2015 $1,892 $54,650 $0 $0
2014 $425 $12,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DESU163922

Bright MLS

APN: 134-09.00-1191.00

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